Detect a Blender Keyboard Shortcut
Found it through the modal operator. There were other posts touching on this, but basically it will keep Blender's keymaps but still execute your custom code.

import bpy

class ModalOperator(bpy.types.Operator):
    bl_idname = "object.modal_operator"
    bl_label = "Simple Modal Operator"

    def execute(self, context):
        print("This is the modal operator")
        return {'FINISHED'}

    def modal(self, context, event):
        if event.type == 'ESC':  # Confirm
            print("This is finished")
            return {'FINISHED'}
        elif event.alt:
            if event.type == 'M':  # Confirm
                print("This is a Blender Shortcut key")
            return {'PASS_THROUGH'}

        return {'PASS_THROUGH'}

    def invoke(self, context, event):
        print("This is the invoker")

        context.window_manager.modal_handler_add(self)
        return {'RUNNING_MODAL'}

bpy.utils.register_class(ModalOperator)

bpy.ops.object.modal_operator('INVOKE_DEFAULT')